Posts from February 2014

3 Items

On My Way to Abu Dhabi

by NYU CTED

I am on my way to Abu Dhabi, the capital of the UAE – the United Arab Emirates.   Earlier today in New York I spoke to a Nigerian worker at a bank who thought Dubai was a country and Abu Dhabi its capital – just to show how this country, formed in 1971, and particularly […]

No Roads, No Votes

by NYU CTED

Without a doubt, the people in developing countries are right in emphasizing the importance of roads.  It is for many villages, the very definition of modernity.  The road links the village to the rest of the country – bringing an expansion in the market whose importance Adam Smith has so forcefully written about.  Getting the […]

Ghana’s Currency Tumbles

by NYU CTED

Ghana’s Currency Tumbles – by Yaw Nyarko The value of the Ghanaian cedi has taken a somewhat big hit recently, measuring a decline of 8% against the dollar in January, and continuing in its downward trend with a 1.2 percentage point decline in the past several days (See below, Chart from Bloomberg.com). Within days of the […]